Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net purchases Net sales Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $ 700 13,500 8,100 $10,500 51,000 850 200 200 2,800 2,300 17,500 26,500 Required: a. Compute the goods available for sale, and the cost of goods sold and gross profit for the merchandiser. Hint: Not all Information may be necessary. b. Compute net income for each company. Goods available for sale Cost of goods sold Gross proft b. Net income for Krug Service Company Net income for Kleiner Merchandising Company